This Aug. 23, 2018, file photo shows Movie Pass debit cards and used movie tickets in New York. The company that runs the beleaguered MoviePass, a discount service for movie tickets at theaters, is being investigated by the New York Attorney General on allegations it misled investors. (AP Photo/Richard Drew, File)
NEW YORK (AP) --
The company that runs the beleaguered MoviePass discount service for theater tickets is being investigated by the New York Attorney General on allegations that it misled investors.
Parent company Helios and Matheson of New York said in a prepared statement that it is aware of the investigation, but that it believes, "our public disclosures have been complete, timely and truthful and we have not misled investors."
The investigation was first reported by CNBC.
The company has struggled financially and is facing class action lawsuits filed on behalf of investors claiming the company failed to disclose aspects of a business model that were unsustainable.
Shares of Helios and Matheson, which is in danger of being delisted by Nasdaq because they had fallen to about a penny, plunged at the opening bell.
This image provided by NBC shows reporter Jacob Soboroff in front of the burnt-out home where grew up in Pacific Palisades, Calif., Wednesday, Jan. 8, 2025. (NBC via AP)
NBC News reporter Jacob Soboroff didn't know what to expect when he turned his SUV onto the Pacific Palisades street where he grew up.
What he found on Wednesday were smoldering ruins where his childhood home had stood. Only the remnants of a chimney and brick wall remained. It was among the countless number of buildings destroyed in the Los Angeles-area wildfires, where Soboroff is one of many journalists covering the story — and living it.
His own tale, told across several NBC News platforms Wednesday and Thursday, broke the so-called "fourth wall" and gave viewers an intimate experience of what the tragedy felt like.
"I'm not going to pretend that I'm not a human without my own thoughts and feelings," Soboroff said in an interview on Thursday. "It would almost be a disservice to hide the emotions about what I've seen."
At first, the camera caught him staring blankly and trying to process. "This is the first time I've seen the house I grew up in and I really don't know what to say," he told viewers. Getting out of the vehicle, he pulled out his phone to FaceTime his mother about what had become of the house that he and four siblings lived in until he was 10.
Even if it came as a surprise to Soboroff, it probably wasn't to viewers as they had watched him drive through the community, devastation all around him.
"What I've seen here is what I would have expected from an earthquake," he said in the interview. "This is what the Big One would have looked like. Not a fire. We've had fires before."
Soboroff, 41, lives now in a house near Dodger Stadium with his wife and two children. Everyone is safe, and the house is untouched, he said.
Some journalists weren't so lucky. Ryan Pearson, an entertainment video... Read More
